Originally Posted by
APC225
I don't have the equation--I will look for it--but with $1.5B in projected profit for ths year, I thought $20K was a lowball number.
The amount of money set aside for profit sharing is 15% of pre-tax profit. Each department's share of that is allocated based on its percentage of total payroll. Your individual amount would be based on the percentage of your pay to the total payroll in your department.
The company calculates the individual profit sharing amounts as if all the employees are eligible (below a certain management level) and then backs out/withholds the money for any group "not eligible" to receive it. In other words, the CAL pilots' "share" is not awarded to other groups just because less people are in the pool. It just goes back into company coffers.
Pilots subsidizing the operation again.